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AfDB’s Clean Energy Projects In Africa Hit $4.3 Billion

Alternative_EnergiesBetween 2011 and 2012, the African Development Bank (AfDB) increased its investment in clean energy in Africa by a staggering 92 percent putting its clean energy projects in Africa at $4.3 billion.

The new report by Bloomberg New Energy Finance, which looks at the clean energy transactions of 26 national and multilateral development banks from 2007 to 2012, between 2011 and 2012, AfDB increased by a staggering 92% its investment in clean energy in Africa, the largest source of financing for the Africa region so far.

AfDB was the first with $4.3 billion of the total $14.7 billion invested into clean energy projects followed by the World Bank Group at $2.9 billion since 2007.

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Sam Wakoba
Sam Wakoba
Taking you on tour through Africa's tech and business ecosystem, one story at a time since 2010! Based out of Nairobi, Kenya, Sam is the founder and managing director of Moran Media, which runs, various other digital platforms and a startup incubation hub for Kenya's youthful entrepreneurs. Drop me a mail at [email protected]

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